First Trust Indxx Metaverse ETF (NASDAQ:ARVR) Sees Significant Growth in Short Interest

First Trust Indxx Metaverse ETF (NASDAQ:ARVR) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,293 shares, an increase of 131.9% from the May 31st total of 989 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average trading volume of 916 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of First Trust Indxx Metaverse ETF

A hedge fund recently raised its stake in First Trust Indxx Metaverse ETF stock. Jane Street Group LLC boosted its position in First Trust Indxx Metaverse ETF (NASDAQ:ARVR) by 34.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,814 shares of the company’s stock after acquiring an additional 3,758 shares during the quarter. Jane Street Group LLC owned 29.63% of First Trust Indxx Metaverse ETF worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

First Trust Indxx Metaverse ETF Price Performance

NASDAQ:ARVR remained flat at $55.21 during midday trading on Monday. 2,387 shares of the company were exchanged, compared to its average volume of 408. The firm has a market capitalization of $5.52 million, a PE ratio of 29.06 and a beta of 1.24. First Trust Indxx Metaverse ETF has a 1-year low of $42.61 and a 1-year high of $58.55. The business has a fifty day moving average price of $54.37 and a two-hundred day moving average price of $49.89.

First Trust Indxx Metaverse ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.1065 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.43 dividend on an annualized basis and a yield of 0.8%.

First Trust Indxx Metaverse ETF Company Profile

The First Trust Indxx Metaverse ETF (ARVR) is an exchange-traded fund that is based on the Indxx Metaverse index. The fund tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse. ARVR was launched on Apr 19, 2022 and is managed by First Trust.